Cryptocurrency investors and creators don’t take much time to take on the spontaneous trend, especially about industry leaders like former Binance CEO Changpeng Zhao. The crypto community recently built a massive hype around CZ’s dog, whose name and picture have been revealed by him on investors’ demand. Interestingly but not surprisingly, this triggered a wave of meme-themed cryptocurrencies. Experts claim that around 20,000 Changpeng Zhao dog-themed or Broccoli meme coins have entered the market. Let’s discuss.
Changpeng Zhao’s Broccoli Meme Coins Enter Crypto Space
Chang Zhao has been one of the biggest personalities in the crypto space for years. Although he left Binance and served jail time, his hype is constant among crypto enthusiasts. This is clear from the buzz around his dog-themed crypto coins, which have taken over the industry.
This all began when CZ talked about his dog and contemplated whether he should share the name and picture. This corresponded to the hype around the Shiba Inu dog breed, which has been ruling the crypto market with dog-themed meme coins. Interestingly, the traders flooded the CZ’s inbox, resulting in the revelation of Broccoli, a young Belgian Malinois.
How does this work? I share my dog’s name and picture, and then people create meme coins?” Zhao posted. “How do you know which one is ‘official’? Or does that even matter?
Zhao explained his thoughts around naming him Broccoli, stating that he wanted the name to start with B and have some greens. He punned that it also has a blocky sound, as ‘blokiichain,’ before stating that it “Can’t get away from crypto.”
Meanwhile, Changpeng Zhao got involved in the Binance controversy, commenting that the Binance listing protocol was flawed. This came around the discussion of TST, which went from a test token from video promotion to a meme coin with high demand.
This showcases CZ’s hype in the crypto industry, where his dog led to thousands of Broccoli meme coins.
20K Broccoli-Themed Meme Coins Launched, But Not By CZ
Moments after Changpeng’s dog revelation, approximately 20,000 tokens were launched, with the Broccoli name triggering an unprecedented wave of meme coins creations. These were launched on various blockchain networks, but mainly on BNB and Solana networks, surrounding the crypto industry from all directions.
Out of these thousands of broccoli meme-themed cryptos, one dog briefly reached the $14 billion market cap before crashing significantly. However, Zhao has not launched any meme-themed cryptocurrencies and does not intend to plan so.
I am just posting my dog’s picture and name. I am NOT issuing a meme coin myself. It’s up to the community to do that (or not). I will likely interact with a few of the more popular meme coins on BNB Chain (BSC). The BNB Foundation may provide rewards for the top memes on the BNB Chain, giving LP support or other rewards,” CZ claimed.
Some have even benefited significantly from these trending meme coins’ frenzy. One trader earned $7M in profits from the Broccoli coin, showcasing a remarkable outcome or profit driven by market hype alone.
What’s In There For You?
The launch of nearly 20,000 Broccoli meme coins is a testament to the crypto market’s functioning. This clarifies how the hype drives the tokens and investors. Changpeng Zhao’s dog revelation became remarkable but disappointed many, as Zhao did not launch the token.
Meanwhile, many traders benefitted from this hype, one making $7M in profits within a few hours. However, despite all this buzz, investors must analyze and research before investing due to high volatility.
The post Former Binance CEO CZ’s Pet Broccoli Leads to 20K Meme Coins Creations appeared first on CoinGape.
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